What Is The 2024 Social Security Tax Limit For Married Couples

What Is The 2024 Social Security Tax Limit For Married Couples. In other words, if your income exceeds the cap on yearly earnings — which in 2024 is $22,320 for people who claim benefits before full retirement age — social security will withhold money from your retirement payments. For married couples filing a joint income tax return, the limit applies separately to each spouse.

You file a federal tax return as an individual and your combined income is between $25,000 and $34,000. Spouses can claim social security based on the work record of their partner, provided that partner is already receiving retirement benefits.